Digital Process Automation Market Share
What Are the Projections for the Size and Growth Rate of the Digital Process Automation Market?
The digital process automation market will grow from $14.42 billion in 2024 to $16.4 billion in 2025, at a CAGR of 13.7%. Factors driving growth include legacy system modernization, cost reduction initiatives, regulatory compliance requirements, and the need for improved customer experience, business agility, and adaptability.
The digital process automation market is expected to grow rapidly, reaching $28.02 billion by 2029 with a CAGR of 14.3%. Growth drivers include hyperautomation strategies, the rise of low-code and no-code platforms, cloud-based DPA solutions, employee experience focus, and dynamic case management. Major trends include hyperautomation, intelligent process automation, process mining for optimization, integration with RPA, and security and compliance.
What Are the Main Catalysts for Growth in the Digital Process Automation Market?
The increasing adoption of cloud-based solutions is expected to propel the growth of the digital process automation market. Cloud-based digital process automation allows businesses to access AI tools and other applications via the internet, reducing infrastructure costs and enabling quick deployment. Global spending on public cloud services is expected to grow by 20.7% from 2022 to 2023, reaching $524.41 billion, further fueling the demand for digital process automation.
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Which Businesses Are at the Forefront of Digital Process Automation Market Development?
Major companies operating in the digital process automation market report are Microsoft Corporation, Infosys Limited, Siemens AG, General Electric Company, Panasonic Holdings Corporation, International Business Machines Corporation (IBM), Oracle Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, SAP SE, ABB Ltd., Cognizant, Rockwell Automation Inc., ServiceNow Inc., Yaskawa Electric Corporation, OpenText Corporation, NICE Systems Ltd., Pegasystems Inc., Software AG, TIBCO Software Inc., UiPath, Automation Anywhere, Appian Corporation, Nintex Global Ltd., K2 Partnering Solutions, Bizagi, Laserfiche, Zapier, BP Logix Inc.
How Is the Digital Process Automation Market Segmented?
The digital process automation market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment: On-Demand, On-Premise
3) By Organization Size: Small And Medium Sized Enterprises, Large Enterprises
4) By End User: Banking, Financial Services, And Insurance (BFSI), Manufacturing, IT And Telecommunication, Aerospace And Defense, Healthcare, Retail And Consumer Goods, Other End Users
Subsegments:
1) By Solution: Robotic Process Automation (RPA), Workflow Automation Tools, Business Process Management (BPM) Software, Intelligent Document Processing
2) By Service: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Development Services
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Where Is the Digital Process Automation Market Growth Most Prominent?
North America was the largest region in the digital process automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital process automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Digital Process Automation Global Market Report?
– Market Size Analysis: Analyze the Digital Process Automation Market size by key regions, countries, product types, and applications.
– Market Segmentation Analysis: Identify various subsegments within the Digital Process Automation Market for effective categorization.
– Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
– Market Contribution: Evaluate contributions of different segments to the overall Digital Process Automation Market growth.
– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks affecting the Digital Process Automation Market.
– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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